< Previous48 SEPTEMBER 2018 SI T E S E L E C T IO Nand JPMorganChase. e latter is actively tapping the coding talent pool, notes duPont. “ e economy has become more diverse and at the same time more stable. Delaware is a great place to start your business and a great place to grow it. It’s being close to everybody at a very low cost.”The Beach and Business VibeWhen scoping out sites in Delaware, stop in Rehoboth Beach or Milton or Lewes, and have a beer with Sam Calagione — preferably one of his. He’s founder of Dogfi sh Head Craft Brewery and owner of the brewery, a distillery, restaurants and a hotel in the First State. He opened his fi rst location on the coast in .“I wanted to open a brewery in a state that didn’t have one yet, and Delaware was the closest one to where I grew up, which is how I picked it,” he relates. “I knew the area already and loved the coastal vibe.”Dogfi sh Head is the largest craft brewery in the Mid-Atlantic region, although there are some great ones in surrounding states and in D.C., says Calagione. “We make almost twice as much beer as any other craft brewery in the region. at’s by virtue of how central we are. We get to live at the beach — I was paddle boarding in our harbor this morning — and yet in a two-hour drive I could be in D.C. or Baltimore, and in three and a half be in Manhattan. It’s a wonderful place to distribute a high-end product from, because we have all these major metro areas nearby.”Echoing Ben duPont’s observation that Delaware is an easy state to do business in, Calagione gives high marks to the state business climate and, more importantly, to the public-private cooperation that makes it possible.“Our state has a centuries-long tradition of being not just very entrepreneurial, but of having an overlap of the agricultural and business communities,” he explains. “Many decades ago, DuPont funded construction of Route , running north-south through the state, to help the southern farmers get their produce to the metro markets of Wilmington and Philadelphia. Private industry and government have worked well together. e governor and legislators are all entrepreneur- and business-friendly. “We’ve been around years now and have been involved in crafting six diff erent pieces of legislation that have become law, including statutes for craft brewers and craft distillers and the microbrewers’ statute, too.” Calagione points out. “We can do that in a way you can’t in New York or Boston or most states with red-tape-laden regulatory bodies. It’s very hard to be a non-lawyer or non-lobbyist and move legislation forward in a lot of states. But here in Delaware they believe in the local entrepreneurs and in making sure we have free markets and opportunities to grow our companies and add more employees.” This Investment Profile was prepared under the auspices of the Delaware Prosperity Partnership. For more information, call (302) 477-7497 or visit www.deprosperitypartnership.com or @choosedelawarePeople here understand that we must work together to achieve outcomes that bene t the state and the companies moving here.” — Ben duPont, co-founder of Zip Code WilmingtonPeople here understand that we People here understand that we must work together to achieve People here understand that we must work together to achieve People here understand that we must work together to achieve People here understand that we outcomes that bene t the state must work together to achieve outcomes that bene t the state must work together to achieve and the companies moving here.” — Ben duPontPeople here understand that we must work together to achieve People here understand that we must work together to achieve People here understand that we Washington D.C.PhiladelphiaNew York CityINFRASTRUCTURE50 SEPTEMBER 2018 SI T E S E L E C T IO N S I T E S E L E C T I O N SEPTEMBER 2018 51 S I T E S E L E C T I O N SEPTEMBER 2018 51by ADAM BRUNSadam.br uns @ site s ele c tion.c omPavingtheWayThe inaugural Global Groundwork Index sizes up the territories where infrastructure and corporate investment are aligning for the future.Digital montage by Richard Nenoff; Getty Images54 SEPTEMBER 2018 SI T E S E L E C T IO NFor years, Conway Analytics’ proprietary Conway Projects Database Site Selection uses for its rankings has qualified and tracked corporate end-user facility investments worldwide, from offices to data centers to manufacturing plants. Among the things it hasn’t tracked, however, are the infrastructure investments paving the way for that corporate investment.Wouldn’t it be great if some organization were matching Conway’s attempts at corporate comprehensiveness with a similar effort tracking the miles of roads, bridges, airports, tunnels, pipelines, utilities, railroads and other major infrastructure projects laying the literal groundwork for prosperity?CG/LA, based in Washington, D.C., and with a legacy focus on the Americas, has been populating just such a database since 2012: Relying on the GViP network of nearly 3,200 infrastructure professionals from 160 countries, the database reflects total project value of $5.7 trillion, creating an estimated 64 million jobs Amtrak in October 2017 revealed the exterior paint scheme for the 28 next-generation high-speed trainsets from Alstom for Amtrak’s premium Acela Express service along the U.S. East Coast.Photo courtesy of Amtrak56 SEPTEMBER 2018 SI T E S E L E C T IO NConstruction on Foxconn Technology Group’s $10 billion manufacturing campus, an anchor for Wisconsin’s advanced manufacturing sector, is officially underway. A groundbreaking ceremony was held in late June for the first phase of the project, known as the Wisconn Valley Science and Technology Park.Located 30 miles south of Milwaukee in the southeastern Wisconsin community of Mount Pleasant, the project is by far the largest economic development project in Wisconsin history and one of the largest greenfield investments by a foreign-based company in U.S. history, as measured by the expected number of created jobs.Groundbreaking draws national attention On hand for the groundbreaking ceremony were President Donald Trump, Wisconsin Governor Scott Walker and U.S. House Speaker Paul Ryan, along with representatives of Foxconn, the Wisconsin Economic Development Corporation (WEDC), and numerous state and local elected officials and business leaders.“This is a historic moment for our entire state and our country,” Walker said. “Wisconsin won Foxconn and the first LCD manufacturing facility in North America, thanks to our outstanding workforce and strong manufacturing legacy. With Foxconn’s plans to create 13,000 good-paying, family-supporting jobs, and our record-low unemployment rate, it makes it all the more important to attract more workers to Wisconsin.”Historic investment to bolster state GDPOnce the Foxconn facility is fully operational, Foxconn is expected to make $4.26 billion annually in supplier purchases, with roughly one-third being sourced from Wisconsin. The Metropolitan Milwaukee Association of Commerce estimates that the project will add $51 billion to Wisconsin’s gross domestic product over the next 15 years, which is an $18 return on every $1 invested by the state.The company projects it will spend $1.4 billion annually on goods and services sourced from Wisconsin and have a $7 billion annual economic impact on the state, once the facility is fully operational.Foxconn has committed to create up to 13,000 jobs with an average annual salary of $53,875 plus benefits. Wisconsin is supporting Foxconn’s historic investment in the state by providing the company with up to $2.85 billion in performance-based state income tax credits over the next 15 years. All tax credits are “pay-as-you-grow,” meaning Foxconn must create jobs and make a capital investment before it can earn any credits. In this instance, Foxconn can only receive the full amount of credits if it creates 13,000 jobs and makes $10 billion in capital investments. In addition to the contractual requirements, the company has set an aggressive goal of hiring 3,000 military veterans by the time the facility is fully operational.Company putting “Wisconsin First”Foxconn is committed to a “Wisconsin First” strategy to build the campus, meaning it will emphasize hiring employees and contractors from within Wisconsin, according to Walker and other state officials.This “Wisconsin First” approach aims for 60 percent of subcontracting to be executed by Wisconsin-based companies, with 10 percent of those from Racine County. Priorities also are established for Wisconsin-certified veteran-owned, women-owned and minority-owned businesses, as well as federally certified disadvantaged business enterprises; these categories combined are expected to constitute at least 10 percent of subcontractors. The project’s impact is already being felt in every region of the state. So far, 94 percent of the more than 200 contracts awarded for site preparation and construc-tion have gone to Wisconsin companies. The 136 contractors and subcontractors are from 57 different municipalities and 24 counties throughout the state.“We are proud to mark this historic occasion and formally start construction of our state-of-the art science and technology campus in America’s heartland,” said Terry Gou, Foxconn’s founder and chairman, at the groundbreaking. “Over the past year, we have formed strong partnerships with communities across Wisconsin, and we look forward to continuing to work with the talented, hard-working people here in the years ahead.”———————————————————————————————More information about Wisconsin’s businessdevelopment resources can be found at InWisconsin.com.$10 Billion Foxconn Campus Launch AnchorsWisconsin’s Growing and Diversified Business ClimateA D V E RT I S E M E N TFoxconn’s new $10 billion campus in Mount Pleasant, Wis. drew national attention in late June, with President Donald Trump joining Wisconsin Governor Scott Walker and U.S. House Speaker Paul Ryan to celebrate the groundbreaking. The project is one of the largest greenfield investments by a foreign-based company in U.S. history, as measured by the expected number of created jobs.Next >